FameEX Morning Crypto News Recap | April 10, 2025
2025-04-10 01:13:02Trump Pauses Tariff War for 90 Days, Crypto Market Surges
Trump's 90-day tariff suspension triggered a sharp crypto market rally, leading to $587 million in total liquidations, including $374 million in short positions.
Bond Market Shifts After Trump Delays Tariffs
After Trump announced a tariff postponement, the bond market saw significant changes. He noted that earlier tariff concerns had pushed long-term yields higher, but they have since dropped. Calling the bond market "beautiful," Trump emphasized that he is closely watching market dynamics following the shift in investor sentiment.
CFTC Revises Crypto Asset Regulation, Ends Litigation Strategy
Caroline D. Pham, acting CFTC chair, backs the DOJ's decision to end regulating crypto through litigation. She directed the CFTC to avoid suing in digital asset cases based on registration violations under the Commodity Exchange Act if the defendant lacks subjective intent, signaling a shift toward clearer regulatory approaches.
Federal Reserve Minutes: Interest Rates Held Steady Amid Economic Uncertainty
The Federal Reserve's meeting minutes reveal unanimous support for keeping interest rates unchanged due to ongoing economic uncertainty. Most participants expressed concern that inflationary pressures may persist longer than anticipated.
Paul Atkins Confirmed as SEC Chairman, Puts Digital Asset Regulation Front and Center
The U.S. Senate confirmed Paul Atkins as SEC chairman in a 52-44 vote, following President Trump's nomination. Atkins emphasized that creating a regulatory framework for digital assets is a top priority. His consulting firm has previously advised clients such as cryptocurrency exchanges and decentralized finance (DeFi) platforms.
Trump’s Tariff Pullback Supports Risk Asset Gains
John Canavan of Oxford Economics noted Trump’s unclear language on tariffs, suggesting a possible pause or reduction to 10%. While some of the harshest tariff threats have been dropped—benefiting risk assets—ongoing uncertainty over tariff levels remains, preventing full clarity for markets and limiting the strength of investor confidence.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.